Appointment

Lok'n Store Group PLC
20 August 2001


                             LOK'nSTORE GROUP PLC

                       Appointment of Finance Director


Lok'nStore Group plc, the self-storage company, is pleased to announce the
appointment of Christopher Stevens as finance director. The appointment takes
effect from 24 September 2001.

Chris, aged 35, joins from Ripplewood Holdings LLC ('Ripplewood'), a US
private equity firm. Whilst working with Ripplewood, Chris's responsibilities
included identifying investment opportunities within Europe, with particular
emphasis on the retail and consumer sector. He was also pivotal in
establishing Ripplewood's presence in London.

Between 1998 and 2000, Chris worked for the Asprey & Garrard Group, latterly
as development director. During his time at the group, Chris handled the
rationalisation and refocusing of the group with the disposals of businesses
such as Mappin & Webb Ltd, Watches of Switzerland Ltd and Hamilton & Inches
Ltd. In addition, he played a leading role in the merger of Asprey London Ltd
and Garrard & Co Ltd and an MBO bid for the group that required substantial
fundraising.

Previously, Chris was group accountant at Westminster Health Care Holdings Plc
during a highly acquisitive stage in the group's history. This included the
acquisition of businesses such as PPP Healthcare's nursing home business,
Libra Health Care and Farm Place. Chris was also financial director of
Kinstreet Limited, a fabric and garment manufacturer. Chris qualified as a
chartered accountant with BDO Stoy Hayward in 1991.

Chris is a director of Salter Stevens Limited and a former director of R&B
International Freight Services Limited and Kinstreet Limited. There are no
further disclosures to be made regarding this appointment in accordance with
Schedule 2 rule (f) of the AIM Rules.

Andrew Jacobs, chief executive of Lok'nStore, commented,

'I am delighted to welcome Chris to the Board of Lok'nStore. His appointment
as Group Finance Director completes the executive team and his expertise in
the retail sector along with his recent corporate finance experience will be
particularly valuable to us as we progress with our expansion programme.

I look forward to updating shareholders on our progress with our results in
October.'


Enquiries:
Lok'nStore Group plc    Andrew Jacobs, Chief Executive      Tel: [phone]

Biddicks                Katie Tzouliadis                    Tel: [phone]